[pcabc]

re gold, XAU still trending down long term below steeply declining 150 day ma, advise caution like with oil producers false bottom last year

Agree. Not suggesting anyone buys as gold is still in Stage 4. Am just highlighting an area to watch showing relative strength versus the market and forming big bases.

Here is my own calculated breadth chart for gold plotted against market breadth for gold miners. Health warning, calculated by a small and fairly arbitrary pool of miners.
   

Please ignore the noise spikes on the gold price graph.